Investors Said to Seek Up to $11 Billion MegaFon IPO Valuation

Investors Said to Seek Up to $11 Billion MegaFon IPO Valuation

Alexander Zemlianichenko Jr./Bloomberg

MegaFon, controlled by Russia’s richest man, Alisher Usmanov, and partially owned by Sweden’s TeliaSonera AB, should trade at a fair value of between about $12 billion and $16 billion, analysts at banks involved in the IPO said in notes to investors.